Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Airline travelers oen choose which airport to y from based on ight cost. Cost data (in dollars) for a sample of ights to eight cities

image text in transcribed
Airline travelers oen choose which airport to y from based on ight cost. Cost data (in dollars) for a sample of ights to eight cities 'om Dayton, Ohio, and Louisville, Kentucky, were collected to help determine which of the two airports was more costly to y from. A researcher argued that it is signicantly more costly, on the average, to y out of Dayton than Louisville. The data, in dollars, are shown in the accompanying table: a). At 5% level of signicance, is there sufcient evidence to support the researcher's argument? Your conclusion must be in terms of the P-Value. Show all necessagy work. b). What type of error is possible and describe this error in terms of the problem. c). Construct a 95% condence interval for the difference in the actual average cost of ying between the two airports. Using this interval estimation, is there sufcient evidence support the researcher's argument? Explain Carefully. d). Interpret this interval estimation. e). Explain the sampling design in this problem. Can you propose another type of sampling design (if any) that could be used to perform the analysis of parts (a) and (0)? Give one advantage and one disadvantage of the design you are proposing. Exglain carefully

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra With Applications

Authors: Gareth Williams

8th Edition

1449679579, 9781449679576

More Books

Students also viewed these Mathematics questions

Question

How easy the information is to remember

Answered: 1 week ago

Question

The personal characteristics of the sender

Answered: 1 week ago

Question

The quality of the argumentation

Answered: 1 week ago